KENT, Wash., June 2 /CNW/ -- Flow International Corporation (Nasdaq:
FLOW), the world's leading developer and manufacturer of industrial waterjet
machines for cutting and cleaning applications, today announced plans to
establish a single facility for designing and building its advanced waterjet
systems, which include large aerospace systems and robotic waterjet cutting
cells.
The Advanced Waterjet Systems Center will be located in Jeffersonville,
Indiana and will be an expansion of Flow's existing facility there. The
facility will include engineering, production, and an interactive customer
demonstration center.
As part of this plan, Flow will close its manufacturing facility in
Burlington, Ontario, Canada. The company's robotic waterjet cells and slitter
systems production will be moved from Burlington to Jeffersonville. Flow will
maintain its Ontario-based sales and technical services team in order to
continue offering local support to its Canadian customers.
"By concentrating our advanced systems development expertise in a single
location, Flow will be able to service our customers more efficiently and
drive the technology forward faster," said Charley Brown, president and CEO,
Flow International. "The establishment of a center of excellence dedicated to
advanced waterjet systems will represent a single source for all technology
development in this field."
About Flow International
Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet cutting technology to industries
including automotive, aerospace, job shop, surface preparation, and more. For
more information, visit http://www.flowcorp.com.
This press release contains forward-looking statements relating to future
events or future financial performance that involve risks and uncertainties.
The words "believe," "expect," "intend," "anticipate," variations of such
words, and similar expressions identify forward-looking statements but their
absence does not mean that the statement is not forward-looking. These
statements are only predictions and actual results could differ materially
from those anticipated in these statements based on a number of risk factors,
including those set forth in the April 30, 2007 Flow International Corporation
Form 10-K Report filed with the Securities and Exchange Commission.
Forward-looking statements in this press release include, without limitation,
statements regarding Flow's plans for its Advanced Waterjet Systems Center and
for establishment of a center of excellence and Flow's plans for closing its
manufacturing facility in Burlington. Readers are cautioned not to place undue
reliance on these forward-looking statements that speak only as of the date of
this announcement.
Contact:
Flow Investor Relations Flow Media Relations
Geoffrey Buscher Lisa Brandli
253-813-3286 425-653-1237
investors@flowcorp.comlbrandli@flowcorp.com